! . 3 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) BMX Company has one employee, FICA Social Security taxes are 62% of the first $128.400 paid to its employee, and FICA Medicare taxes are 145% of gross pay For BMX, FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee ed . b. C Gross Pay through August 31 $ 5,600 2,550 123,200 Gross Pay For September $1,500 2,650 9,100 ces Exercise 11-5 Computing payroll taxes LO P2, P3 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and ((Round your answers to 2 decimal places.) Tox September Earnings Subject to Tax Tax Rate Tax Amount FICA Social Security FICA-Medicare FUTA SUTA September Lamings Subject to Tax Tax Rate Tax Amount FICA Social Security FICA Medicare FUTA SUTA o search O E | UTH SUTA b) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA c) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA 3 Complete this question by entering your answers in the tabs below. ed Taxes to be General Withheld From Jonal Gross Pay General Journal The employee's fedeformes withheld by the employer are $90 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withhold From Gross Pay (Employoo Paid Toxoa) September Earings Tax Rate Tax Amount Subject to Tax Federal income tax $ 90.00 OOK Hint erences Thus to be Wild Gay General Journal > Required information The employee's federal income taxes withheld by the employer are $90 for this pay period. Prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employees (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee Note: Enter debits before credits Date General Journal Dobit Credit Sep 30 C Required information Assuming situation (a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places) September Gaming Employer Payroll taxes Tax Roto Tax Amount object to tak $ 0.00 Payrollares Espinne General Journal > Required information Expense Journal Prepare the employer's September 30 journal entries to record the employer's payroll taxet expense and its related liabilities. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the employer's September 30 payroll taxes expense and its related Habilities. Note: Enter debits before credite Date General Journal Debit Credit Sep 30
